Today's market overall shows a fluctuating downward pattern. Bitcoin fell back after touching a high of 116928 in the early session, continuing to decline throughout the day, finally stabilizing around 113383. Ethereum retraced from a high of 4388, hitting a low of 4157. Although there were multiple attempts to rebound during this period, the bearish forces have always dominated the market, and the overall downward trend has not changed. In terms of trading strategy, five operations were successfully completed today.
The market continues to show signs of weakness, with intraday prices constantly reaching new lows, forming a clear downward trend overall. From the price action, bearish forces hold a dominant advantage, while bulls remain suppressed. Each rebound appears powerless, making it difficult to form effective reversal signals. Especially near key resistance levels, selling pressure is prominent, and prices often face downward pressure. Based on the current market situation, it is recommended to promptly adjust trading strategies, align with the trend change, and adopt a strategy mainly focused on shorting on rebounds—waiting for prices to rebound near important resistance levels to opportunistically set up short positions.
Bitcoin: Set up short positions near 114000, targeting a drop to around 112000.
Ethereum: Set up short positions near 4250, targeting a drop to around 4050. #Strategy增持比特币